Sammy Gyamfi endorsing Menzgold’s activities recently
The opposition National Democratic Congress (NDC) is making strenuous efforts to implicate the ruling New Patriotic Party (NPP) in the Menzgold Ghana Limited scandal that has rocked the country.
The NDC has politicized the issue by creating the impression that some top government officials, including President Akufo-Addo, ‘endorsed’ Menzgold’s activities, which promoted and convinced people to do business with the beleaguered private company.
Currently, millions of dollars of many customers are locked up with Menzgold, which initially claimed it was into gold collectibles but reportedly took cash deposits as a result of the mouth-watering returns it promised.
The company’s CEO, Nana Appiah Mensah aka NAM1, who is currently in the cooler in Dubai, United Arab Emirates (UAE) for alleged fraudulent gold deals, has been accused of running a Ponzi scheme in Ghana.
Currently, the Economic and Organized Crime Organization (EOCO) has frozen all bank accounts of Menzgold, and is looking for cash, houses, landed property, among others, of the company.
NDC Communications Officer, Sammy Gyamfi, at a news conference in Accra yesterday, said that the president held a meeting with the Menzgold CEO and that gave customers confidence to invest in such a business.
“NAM 1 posted his picture and commented on his business successes with President Akufo-Addo on his Facebook wall, advertising himself with the president.”
“The Menzgold problem is largely the creation of Nana Akufo-Addo government. This is because of the many overt acts of endorsement and advertisement of Menzgold and its CEO, Nana Appiah Mensah, also known as NAM1, by the president and his appointees. They are inextricably linked to the present predicament of Menzgold customers.
“Undoubtedly, the open endorsement of NAM1 and Menzgold by this government greatly enhanced the credibility and legitimacy of Menzgold in the eyes of the general public and encouraged many people to invest with the company even after the Bank of Ghana (BoG) had cautioned against it,” Mr. Gyamfi added.
By Melvin Tarlue